York Space Systems Intends To Acquire Outlook Industries; Terms Undisclosed
Benzinga Newsdesk 3 hours ago
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Planned acquisition establishes the foundation for York Terrestrial Systems, uniting unmanned platforms with York’s proven space, ground, and communications infrastructureYork Space Systems (York) (NYSE:YSS), a leading,
Planned acquisition establishes the foundation for York Terrestrial Systems, uniting unmanned platforms with York’s proven space, ground, and communications infrastructure
York Space Systems (York) (NYSE:YSS), a leading, US-based national defense and commercial prime providing a comprehensive suite of mission-enabling solutions, today announced its intent to acquire Outlook Industries, a developer of unmanned systems for defense applications. Upon closing, Outlook will form the foundation of York Terrestrial Systems, marking York’s entry into terrestrial systems and extending its capabilities to include unmanned platforms connected by its proven space, ground, and communications infrastructure. The acquisition represents the next step in completing York’s integrated ecosystem for unmanned operations, from flight-proven spacecraft and global ground infrastructure to mobile communications terminals and systems operating in the field. York will host an investor call on Thursday, November 19 at 5PM ET to discuss the proposed acquisition and its expansion into unmanned systems.
The proposed acquisition builds on York’s $755 million investment in production capacity and spacecraft inventory, alongside its expansion into ground infrastructure, communications, and software. Adding Outlook’s unmanned platforms advances York’s ability to deliver integrated systems from orbit to the operational edge as a modern defense prime built for speed and scale.
